Over the past few weeks, it has emerged that investors are working on a plan to find alternative sites and set up either one combined meat and fish market or retain the current split between the two markets.
The new facility will enable this critical mass of Traders to expand and modernise our businesses, as well as support the meat traders of the future.
As the current market in Smithfield is not expected to close until 2028, that gives them several years to complete the funding, which is being supported by the City of London, and acquire the new market site.
The two trading associations have now confirmed they are working on a plan to retain the wholesale markets, but not at their current sites.
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